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| Oil and Gas Exploration and Production |
| Human Resource and Employment Services |
| Exposures |
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| Military |
| Intelligence |
| Event Codes |
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| Warn |
| Solicit support |
| Yield |
| Release or return |
| Comment |
| Human death |
| Reduce routine activity |
| Sports contest |
| Force |
| Decline comment |
| Yield to order |
| Wiki | Wiki Summary |
|---|---|
| Mergers and acquisitions | In corporate finance, mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. |
| Second International | The Second International (1889–1916) was an organisation of socialist and labour parties, formed on 14 July 1889 at two simultaneous Paris meetings in which delegations from twenty countries participated. The Second International continued the work of the dissolved First International, though excluding the powerful anarcho-syndicalist movement. |
| Indirect tax | Although the actual definitions vary between jurisdictions, in general, a direct tax or income tax is a tax imposed upon a person or property as distinct from a tax imposed upon a transaction, which is described as an indirect tax. There is a distinction between direct and indirect tax depending on whether the tax payer is the actual taxpayer or if the amount of tax is supported by a third party, usually a client. |
| California oil and gas industry | The California oil and gas industry has been a major industry for over a century. Oil production was a minor factor in the 19th century, with kerosene replacing whale oil and lubricants becoming essential to the machine age. |
| Quantum fluctuation | In quantum physics, a quantum fluctuation (also known as a vacuum state fluctuation or vacuum fluctuation) is the temporary random change in the amount of energy in a point in space, as prescribed by Werner Heisenberg's uncertainty principle. They are minute random fluctuations in the values of the fields which represent elementary particles, such as electric and magnetic fields which represent the electromagnetic force carried by photons, W and Z fields which carry the weak force, and gluon fields which carry the strong force. |
| M'banza-Kongo | Mbanza-Kongo (Portuguese pronunciation: [ɐ̃ˈbɐ̃zɐ], [ĩˈbɐ̃zɐ], [mɨˈβɐ̃zɐ] or [miˈβɐ̃zɐ ˈkõɡu], known as São Salvador in Portuguese from 1570 to 1975), is the capital of Angola's northwestern Zaire Province with a population of 148,000 (2014). Mbanza Kongo (properly Mbanza Koongo or Kôngo in most acceptable orthographies) was founded some time before the arrival of the Portuguese in 1483 and was the capital of the Kilukeni dynasty ruling at that time. |
| Balance sheet | In financial accounting, a balance sheet (also known as statement of financial position or statement of financial condition) is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship, a business partnership, a corporation, private limited company or other organization such as government or not-for-profit entity. Assets, liabilities and ownership equity are listed as of a specific date, such as the end of its financial year. |
| Financial law | Financial law is the law and regulation of the insurance, derivatives, commercial banking, capital markets and investment management sectors. Understanding Financial law is crucial to appreciating the creation and formation of banking and financial regulation, as well as the legal framework for finance generally. |
| Financial analysis | Financial analysis (also referred to as financial statement analysis or accounting analysis or Analysis of finance) refers to an assessment of the viability, stability, and profitability of a business, sub-business or project. \nIt is performed by professionals who prepare reports using ratios and other techniques, that make use of information taken from financial statements and other reports. |
| Lease | A lease is a contractual arrangement calling for the user (referred to as the lessee) to pay the owner (the lessor) for use of an asset. Property, buildings and vehicles are common assets that are leased. |
| Jobseeker's Allowance | Jobseeker's Allowance (JSA) is an unemployment benefit paid by the Government of the United Kingdom to people who are unemployed and actively seeking work. It is part of the social security benefits system and is intended to cover living expenses while the claimant is out of work. |
| Anti-Germans (political current) | Anti-German (German: Antideutsch, Yiddish: אַנטי-דיִטש, romanized: Anti-Daytsh) is the generic name applied to a variety of theoretical and political tendencies within the left mainly in Germany and Austria. The Anti-Germans form one of the main camps within the broader Antifa movement, alongside the Anti-Zionist anti-imperialists, after the two currents split between the 1990s and the early 2000s as a result of their diverging views on Israel. |
| Otomatic | The OTO Main Anti-aircraft Tank for Intercept and Combat (shortened as Otomatic, a play on Automatic and OTO) was an Italian self-propelled anti-aircraft gun (SPAAG) prototype. Designed and built by OTO Melara, it was armed with a single 76 mm naval gun. |
| Eurocurrency | Eurocurrency is currency held on deposit outside its home market, i.e., held in banks located outside of the country which issues the currency. For example, a deposit of US dollars held in a bank in London, would be considered eurocurrency, as the US dollar is deposited outside of its home market. |
| Pound | A pond is an area filled with water, either natural or artificial, that is smaller than a lake. Ponds are small bodies of freshwater with shallow and still water, marsh, and aquatic plants.: 460 Ponds can be created by a wide variety of natural processes (e.g. |
| Exchange rate | In finance, an exchange rate is the rate at which one currency will be exchanged for another currency. Currencies are most commonly national currencies, but may be sub-national as in the case of Hong Kong or supra-national as in the case of the euro. |
| Overseas Private Investment Corporation | The Overseas Private Investment Corporation (OPIC) was the United States government's development finance institution until it merged with the Development Credit Authority (DCA) of the United States Agency for International Development (USAID) to form the U.S. International Development Finance Corporation (DFC). OPIC mobilized private capital to help solve critical development challenges and, in doing so, advanced the foreign policy of the United States and national security objectives. |
| FIFO and LIFO accounting | FIFO and LIFO accounting are methods used in managing inventory and financial matters involving the amount of money a company has to have tied up within inventory of produced goods, raw materials, parts, components, or feedstocks. They are used to manage assumptions of costs related to inventory, stock repurchases (if purchased at different prices), and various other accounting purposes. |
| List of songs recorded by ABBA | The following is a list of all songs recorded and performed by the Swedish pop group ABBA, alphabetised by the English title of the song. |
| Lady Dimitrescu | Alcina Dimitrescu (Japanese: アルチーナ・ディミトレスク, Aruchīna Dimitoresuku), better known as Lady Dimitrescu, is a character in the 2021 survival horror game Resident Evil Village, developed and published by Capcom. One of the major antagonistic figures of Village, she is presented as a gigantic noblewoman with vampire-like traits who resides with her three daughters in Castle Dimitrescu, her stronghold within the vicinity of the titular Eastern European village encountered by protagonist Ethan Winters. |
| List of equipment of the Egyptian Army | The following list outlines the major equipment in service with the Egyptian Army.\n\n\n== Infantry weapons ==\n\n\n=== Small arms ===\n\n\n=== Anti-tank and missile ===\n\n\n==== Recoilless rifles ====\n\n\n==== Anti tank systems ====\n\n\n==== Man-portable air defence ====\n\n\n=== Mortars ===\n\n\n==== Training mortars ====\n\n\n== Vehicles ==\n\n\n=== Tanks ===\n\n\n=== Infantry fighting vehicles ===\n\n\n=== Armored personnel carriers/MRAPS ===\n\n\n=== Artillery and missile systems ===\nThe Egyptian ballistic missile development program started in the late 1950s after the construction of Jabal Hamzah ballistic missile test and launch facility to conduct test fires on Al Zafir and Al Kahir SRBMs. |
| Christiane Seidel | Christiane Seidel (born April 3, 1988) is a German-Danish-American actress, known for her roles as Martha in the Netflix mini-series western Godless and as the Norwegian Sigrid Mueller in the HBO TV drama series Boardwalk Empire.\n\n\n== Early life ==\nSeidel was born in Wichita Falls, Texas, to a Danish mother and a German father, who was serving in the navy. |
| Competition | Competition is a rivalry where two or more parties strive for a common goal which cannot be shared: where one's gain is the other's loss (an example of which is a zero-sum game). Competition can arise between entities such as organisms, individuals, economic and social groups, etc. |
| Manufacturing | Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. |
| 2017 in American television | The following is a list of events affecting American television in 2017. Events listed include television show debuts, finales, and cancellations; channel launches, closures, and re-brandings; stations changing or adding their network affiliations; and information about controversies and carriage disputes. |
| Earthquake | An earthquake (also known as a quake, tremor or temblor) is the shaking of the surface of the Earth resulting from a sudden release of energy in the Earth's lithosphere that creates seismic waves. Earthquakes can range in intensity, from those that are so weak that they cannot be felt, to those violent enough to propel objects and people into the air and wreak destruction across entire cities. |
| Grammaticality | In linguistics, grammaticality is determined by the conformity to language usage as derived by the grammar of a particular speech variety. The notion of grammaticality rose alongside the theory of generative grammar, the goal of which is to formulate rules that define well-formed, grammatical, sentences. |
| Continuation War | The Continuation War, also known as the Second Soviet-Finnish War, was a conflict fought by Finland and Nazi Germany against the Soviet Union from 1941 to 1944, as part of World War II. In Soviet historiography, the war was called the Finnish Front of the Great Patriotic War. Germany regarded its operations in the region as part of its overall war efforts on the Eastern Front and provided Finland with critical material support and military assistance, including economic aid.The Continuation War began 15 months after the end of the Winter War, also fought between Finland and the USSR. Numerous reasons have been proposed for the Finnish decision to invade, with regaining territory lost during the Winter War being regarded as the most common. |
| Pressure | Pressure (symbol: p or P) is the force applied perpendicular to the surface of an object per unit area over which that force is distributed.: 445 Gauge pressure (also spelled gage pressure) is the pressure relative to the ambient pressure.\nVarious units are used to express pressure. |
| Sibling relationship | Siblings play a unique role in one another's lives that simulates the companionship of parents as well as the influence and assistance of friends. Because siblings often grow up in the same household, they have a large amount of exposure to one another, like other members of the immediate family. |
| Dirichlet conditions | In mathematics, the Dirichlet conditions are sufficient conditions for a real-valued, periodic function f to be equal to the sum of its Fourier series at each point where f is continuous. Moreover, the behavior of the Fourier series at points of discontinuity is determined as well (it is the midpoint of the values of the discontinuity). |
| Chief executive officer | A chief executive officer (CEO), chief administrator officer (CAO), central executive officer (CEO), or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization – especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). |
| Intention | Attention is the behavioral and cognitive process of selectively concentrating on a discrete aspect of information, whether considered subjective or objective, while ignoring other perceivable information. William James (1890) wrote that "Attention is the taking possession by the mind, in clear and vivid form, of one out of what seem several simultaneously possible objects or trains of thought. |
| Risk Factors |
|---|
| MITCHAM INDUSTRIES INC Item 1A Risk Factors Demand for Land-Based Seismic Data Is Not Assured Demand for our services depends on the level of spending by oil and gas companies for exploration, production and development activities, as well as on the number of crews conducting land, transition zone and marine seismic data acquisition worldwide |
| The levels of such spending are influenced by: o oil and gas prices and industry perceptions of future price levels; o the cost of exploring for, producing and delivering oil and gas; o the availability of current geophysical data; o the discovery rate of new oil and gas reserves; and o local and international political and economic conditions |
| The cyclical nature of the oil and gas industry has a significant effect on our revenues and profitability |
| Historically, prices of oil and gas, as well as the level of exploration and developmental activity, have fluctuated substantially |
| This has, in the past, and may, in the future, adversely affect our business |
| We are unable to predict future oil and gas prices or the level of oil and gas industry activity |
| A prolonged low level of activity in the oil and gas industry will likely depress development activity, adversely affecting the demand for our products and services and our financial condition and results of operations |
| Loss of Significant Customers Will Adversely Affect Us We typically lease and sell significant amounts of seismic equipment to a relatively small number of customers, the composition of which changes from year to year as leases are initiated and concluded and as customers’ equipment needs vary |
| Therefore, at any one time, a large portion of our revenues may be derived from a limited number of customers |
| In the fiscal years ended January 31, 2004, 2005 and 2006, the single largest customer accounted for approximately 11prca, 10prca and 10prca, respectively, of our consolidated revenues |
| Because our customer base is relatively small, the loss of one or more customers for any reason could adversely affect our results of operations |
| Significant Defaults of Past-Due Customer Accounts Would Adversely Affect Our Results of Operations On January 31, 2006, we had approximately dlra9dtta7 million of customer accounts and notes receivable of which dlra2dtta3 million was over 90 days past due |
| At January 31, 2006 we had an allowance of dlra1dtta2 million to cover losses in our receivable balances |
| Significant payment defaults by our customers in excess of the allowance would have a material adverse effect on our financial position and results of operations |
| International Economic and Political Instability Could Adversely Our Results of Operations Our results of operations are dependent upon the current political and economic climate of several countries in which our customers either operate or are located |
| International sources (including Canada) accounted for approximately 73prca of our revenues in the fiscal year ended January 31, 2006 |
| Since the majority of our lease and sales contracts with our customers are denominated in US, Australian, Canadian and Singapore dollars and British pounds, there is some risk of economic loss from fluctuations in foreign currencies |
| However, our internationally-sourced revenues are still subject to the risk of currency exchange controls (in which payment could not be made in US dollars), taxation policies, and expropriation, as well as to political turmoil, civil disturbances, armed hostilities, and other hazards |
| 9 _________________________________________________________________ [61]Table of Contents Foreign Currency Exchange Rates Have Increasingly Materially Affected Our Results of Operations For accounting purposes, balance sheet accounts of the Canadian, Australian, United Kingdom, Singapore and Russian subsidiaries are translated at the current exchange rate as of the end of the accounting period |
| Statement of operations items are translated at average currency exchange rates |
| The resulting translation adjustment is recorded as a separate component of comprehensive income within shareholders’ equity |
| This translation adjustment has become material because of the significant amount of equipment assigned to our Canadian and Australian operations and the fluctuations in the Canadian and Australian dollar exchange rates over the last few years |
| Our Operations and Financial Condition Would Be Materially Adversely Affected if We Are Unable to Continually Obtain Additional Lease Contracts Our seismic equipment leases typically have a term of three to nine months and provide gross revenues that recover only a portion of our capital investment on the initial lease |
| Our ability to generate lease revenues and profits is dependent on obtaining additional lease contracts after the termination of an original lease |
| However, lessees are under no obligation to, and frequently do not, continue to lease seismic equipment after the expiration of a lease |
| Although we have been successful in obtaining additional lease contracts with other customers after the termination of the original leases, there can be no assurance that we will continue to do so |
| Our failure to obtain additional leases or extensions beyond the initial lease term would have a material adverse effect on our operations and financial condition |
| We Depend on Key Personnel Our success is dependent on, among other things, the services of certain key personnel, including specifically Billy F Mitcham, Jr, our President and Chief Executive Officer, Mr |
| Michael Pinnington, our Managing Director of Seamap (UK) and Mr |
| Mark Welker, our Managing Director of Seamap Pte Ltd |
| Mitcham’s employment agreement is automatically renewed on a year-to-year basis until terminated by either party giving 30 days notice prior to the end of the current term (subject to earlier termination on certain stated events) |
| The agreement prohibits Mr |
| Mitcham from engaging in any business activities that are competitive with our business and from diverting any of our customers to a competitor for two years after the termination of his employment |
| Pinnington and Mr |
| Welker have a five-year employment agreement with the Company effective July 2005 that prohibits them from engaging in a similar business as the Company for a period of seven years, should they leave employment of the Company |
| Mitcham, Mr |
| Pinnington or Mr |
| Our Seismic Lease Pool is Subject to Technological Obsolescence We have a substantial capital investment in seismic data acquisition equipment |
| The development by manufacturers of seismic equipment of newer technology systems or component parts that have significant competitive advantages over seismic systems and component parts now in use could have an adverse effect on our ability to profitably lease and sell our existing seismic equipment |
| Significant improvements in technology may also require us to recognize an asset impairment charge to our lease pool investment, and to correspondingly invest significant sums to upgrade or replace our existing lease pool with newer-technology equipment demanded by our customers |
| Weather Conditions Cause Seasonal Fluctuations in Our Operating Results The first and fourth quarters of our fiscal year have historically accounted for a greater portion of our revenues than do our second and third quarters |
| This seasonality in leasing revenues is primarily due to the increased seismic survey activity in Canada from January through March or April |
| This seasonal pattern may cause our results of operations to vary significantly from quarter to quarter |
| Accordingly, period-to-period comparisons are not necessarily meaningful and should not be relied on as indicative of future results |
| 10 _________________________________________________________________ [62]Table of Contents We Face Competition in Our Seismic Equipment Leasing Activities We have several competitors engaged in seismic equipment leasing and sales, including seismic equipment manufacturers and data acquisition contractors that use seismic equipment, many of which have substantially greater financial resources than us |
| We believe that our competitors, in general, have neither as extensive a seismic equipment lease pool as we do, or similar exclusive lease referral agreements with suppliers |
| Competition exists to a lesser extent from seismic data acquisition contractors that may lease equipment that is temporarily idle |
| There are also several smaller competitors that, in the aggregate, generate significant revenue from the sale of seismic survey equipment |
| Pressures from existing or new competitors could adversely affect our business operations |
| We Rely on a Small Number of Suppliers and Disruption in Vendor Supplies Could Adversely Affect Our Results of Operations We purchase the majority of our seismic equipment for our lease pool from a small number of suppliers |
| We believe we have satisfactory relationships with our suppliers |
| However, should those relationships deteriorate, we may have difficulty in obtaining new technology required by our customers and maintaining the existing equipment in accordance with manufacturers’ specifications |
| In addition, we may, from time to time, experience supply or quality control problems with suppliers, and these problems could significantly affect our ability to meet our lease commitments |
| Reliance on certain suppliers, as well as industry supply conditions, generally involve several risks, including the possibility of a shortage or a lack of availability of key products and increases in product costs and reduced control over delivery schedules; any of these could adversely affect our future results of operations |
| Our Stock Price is Subject to Volatility Due to recent energy industry conditions, energy and energy service company stock prices, including our stock price, have been extremely volatile |
| Such stock price volatility could adversely affect our business operations by, among other things, impeding our ability to attract and retain qualified personnel and to obtain additional financing |
| Possible Adverse Effect of Anti-Takeover Provisions; Potential Issuance of Preferred Stock Certain provisions of our Articles of Incorporation and the Texas Business Corporation Act may tend to delay, defer or prevent a potential unsolicited offer or takeover attempt that is not approved by our Board of Directors but that our shareholders might consider to be in their best interest, including an attempt that might result in shareholders receiving a premium over the market price for their shares |
| Because our Board of Directors is authorized to issue preferred stock with such preferences and rights as it determines, it may afford the holders of any series of preferred stock preferences, rights or voting powers superior to those of the holders of common stock |
| Although we have no shares of preferred stock outstanding and no present intention to issue any shares of our preferred stock, there can be no assurance that we will not do so in the future |